In this video you will see why it is virtually impossible for a business to implement a surcharging solution on their own. Most businesses that add a fee are not compliant and all it takes is one customer reporting it the card brand.
To Pass on the credit card fee, merchants must comply with the contractual rules required by the card brands
- Merchants must be registered with the card brands
- Merchants cannot apply a fee to debit
- Merchants cannot profit off the transaction
- The Receipt must show fee amount as a separate line item
- The Credit Card fee and product or service must be processed as one transaction
- There are also Certain state restrictions
Most common reasons merchants are not compliant
- They are not registered with card brands
- Technology cannot differentiate between debit vs credit card. Many solutions allow you to process debit as credit
- When merchants accept a credit card, they typically do not know the cost of that card
Accept Credit Cards for 0%
Instantly Improve profit margins and stop paying expensive fees to accept credit card. Our surcharging solution passes on the fee to the consumer and you pay 0% in processing fees to accept credit cards. Some State Restrictions*
Benefits of B2Bs surcharging credit card fees infographic
Read the full article here What to Consider with B2B Credit Card Surcharging
What to Consider with B2B Credit Card Surcharging
This post discusses factors to consider with B2B credit card surcharging to find out if its right for your business.
Can businesses charge a fee for paying with a credit card?
Are businesses allowed to charge a fee when a customer pays with a credit card? With the increasing costs of…
Cash Flow Strategies to Improve Accounts Receivable Turnover
In order to manage receivables effectively, businesses need to avoid past due receivables and collections. Use an alternate solution to…
Is a Cash Discount Program a Compliant alternative to surcharging
Why most cash discount programs are not compliant This video goes over why most cash discount programs are not compliant.…
3 ways for Businesses to cut costs
Ways for Businesses to Cut Costs As a business owner, you should always be keeping your eye on your bottom…
Can Businesses Legally Pass on the Credit Card Processing Fee to the Customer
Most Businesses are not following the rules set by the card brands regarding surcharging. In order to to pass on…
Eliminate Credit Card Processing Fees
Our Payment Processing Program allows business owners to eliminate credit card processing fees by legally surcharging the customers. Some States…
- « Previous
- 1
- 2
QuickBooks Credit Card Processing Integration
A Credit Card Processor that Integrates with Quickbooks Reduce QuickBooks credit card processing fees by a simple to use payment…
Short Term Working Capital
Business Short Term Working Capital Loans These days business owners have a wide range of funding options available to them.…
Business Line of Credit
A business line of credit represents a versatile solution to meet your evolving cash flow requirements. Unlike a term loan,…
How to Eliminate Credit Card Processing Fees
Accept Credit Cards for 0% How it Works Schedule a Quick Demo Key Benefits Legally Compliant – Businesses cannot…
Merchant Service Referral Program
Earn Residual Income From our Merchant Service Referral Program Commissions Potential to earn residual income from accounts you refer. Uncapped…
Offer Financing
BNC Finance works with B2B organizations to offer customized vendor financing solutions to their business customers. We identify opportunities in…
Merchant Processing Fee Savings Analysis
Free Merchant Processing Fee Savings Analysis Let’s see how much we can save your business in merchant processing fees. We…